Asia Pacific Reed Sensors Market by Types (Cylindrical Panel Mounts, Surface Mounts, and Others), Vehicle Types (Passenger Cars and Commercial Vehicle), Applications (Internal Sensors, Speedometer, Tachometer, and Cruise Control, and Others), and Geography (India, China, South Korea, Japan, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Asia Pacific reed sensors market size is estimated to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the high demand for electric vehicles. Moreover, stringent government regulations regarding passenger safety is driving the market growth.
A reed switch is an electromagnetic switch that is used to control the current in a circuit. It is manufactured using at least two ferrous reeds encased inside a little glass tube-like cover, which gets charged and move together or separate when an attractive field is transferred toward the switch. The switch viably works similar to a gate or a scaffold in an electric circuit. Thus, when the two reeds are in touch, current can pass around the circuit. Unlike mechanical switches they don't need a personnel to flick them on or off. However, they are controlled totally by imperceptible attractive fields.
Two types of settings exist in a reel switch, which is normally close and normally open. In a normally open switch, the two reeds, which are produced using nickel-iron composite are situated in such a way that they are not contacted to each other. The normally closed reed switches work on a similar guideline as the former one, except that the switch utilizes an underlying magnet to keep its two contacts in an energized state. This imply that the switch's default position is to keep the circuit closed, allowing the electrical current to flow through the circuit.
Market Trends, Drivers, Restraints, and Opportunities
- Technological advancements in sensor technology is anticipated to drive the market growth.
- Huge demand for automobile components is expected to drive the market growth.
- Low operating cost and ability to work in harsh environment can proliferate the growth of the market.
- Complex mechanism and high replacement cost can hinder the market development.
- Increasing use of reed sensors in emerging technologies can create lucrative opportunities for market players during the forecast period.
Scope of the Report
The report on the Asia Pacific reed sensors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Reed Sensors Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Types (Cylindrical Panel Mounts, Surface Mounts, and Others), Vehicle Types (Passenger Cars and Commercial Vehicle), Applications (Internal Sensors, Speedometer, Tachometer, and Cruise Control, and Others) |
| Geographical Scope | India, China, South Korea, Japan, and Rest of Asia Pacific |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Littlefuse Inc.; Bimba Manufacturing Company; Comus International; Coto Technology; and GE Ding Information Inc. |
Asia Pacific Reed Sensors Market Segment Insights
Cylinder panel mount segment is expected to grow at a healthy rate
Based on types, the market is divided into cylindrical panel mount, surface mount, and others. The cylindrical panel mounts segment is expected to exhibit a healthy CAGR during the forecast period due to their capacity to provide better shock efficiency.
Passengers cars segment is projected to expand at a considerable CAGR
On the basis of vehicle types, the Asia Pacific reed sensors market is segregated into passenger cars, commercial vehicle. The passenger segment is projected to expand at a considerable CAGR during the forecast period owing to shifting interest of customers for electric vehicles due to increasing environmental concerns and stringent government regulations.
Cruise control segment is anticipated to grow at a robust pace
On the basis of applications, the market is bifurcated into internal sensors, speedometer, tachometer, and cruise control, and others. The cruise control segment is expected to account for a significant market share in the projected timeline owing to growing demand for cars in premium segment.
China is anticipated to constitute a key market share
In terms of regions, the Asia Pacific reed sensors market is classified as India, China, South Korea, Japan, and Rest of Asia Pacific. China is expected to constitute a key share of the market in the projected timeline. Rising focus on government state bodies in country on investment in infrastructure to boost their manufacturing industry is driving the growth of the market in the country.
Segments
Segments Covered in the ReportThe Asia Pacific reed sensors market has been segmented on the basis of
Types
- Cylindrical Panel Mounts
- Surface Mounts
- Others
- Passenger Cars
- Commercial Vehicle
- Internal Sensors
- Speedometer
- Tachometer
- Cruise Control
- Others
- India
- China
- South Korea
- Japan
- Rest of Asia Pacific
- Littlefuse Inc.
- Bimba Manufacturing Company
- Comus International
- Coto Technology
- GE Ding Information Inc.
Competitive Landscape
Key players competing in the Asia Pacific reed sensors market are Littlefuse Inc.; Bimba Manufacturing Company; Comus International; Coto Technology; and GE Ding Information Inc.
Some of the major players are entering into strategic partnerships with the global leaders to enhance their market presence.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Reed Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Reed Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Reed Sensors Market - Supply Chain
4.5. Global Reed Sensors Market Forecast
4.5.1. Reed Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Reed Sensors Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Reed Sensors Market Absolute $ Opportunity
5. Global Reed Sensors Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Reed Sensors Market Size and Volume Forecast by Types
5.3.1. Cylindrical Panel Mounts Surface Mounts Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Reed Sensors Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Reed Sensors Market Size and Volume Forecast by Applications
6.3.1. Internal Sensors Speedometer Tachometer Cruise Control Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Reed Sensors Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Reed Sensors Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Reed Sensors Demand Share Forecast, 2019-2026
8. North America Reed Sensors Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Reed Sensors Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Reed Sensors Market Size and Volume Forecast by Types
8.4.1. Cylindrical Panel Mounts Surface Mounts Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Reed Sensors Market Size and Volume Forecast by Applications
8.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Reed Sensors Demand Share Forecast, 2019-2026
9. Latin America Reed Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Reed Sensors Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Reed Sensors Market Size and Volume Forecast by Types
9.4.1. Cylindrical Panel Mounts Surface Mounts Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Reed Sensors Market Size and Volume Forecast by Applications
9.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Reed Sensors Demand Share Forecast, 2019-2026
10. Europe Reed Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Reed Sensors Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Reed Sensors Market Size and Volume Forecast by Types
10.4.1. Cylindrical Panel Mounts Surface Mounts Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Reed Sensors Market Size and Volume Forecast by Applications
10.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Reed Sensors Demand Share Forecast, 2019-2026
11. Asia Pacific Reed Sensors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Reed Sensors Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Reed Sensors Market Size and Volume Forecast by Types
11.4.1. Cylindrical Panel Mounts Surface Mounts Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Reed Sensors Market Size and Volume Forecast by Applications
11.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Reed Sensors Demand Share Forecast, 2019-2026
12. Middle East & Africa Reed Sensors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Reed Sensors Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Reed Sensors Market Size and Volume Forecast by Types
12.4.1. Cylindrical Panel Mounts Surface Mounts Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Reed Sensors Market Size and Volume Forecast by Applications
12.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Reed Sensors Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Reed Sensors Market: Market Share Analysis
13.2. Reed Sensors Distributors and Customers
13.3. Reed Sensors Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Littlefuse Inc. Bimba Manufacturing Company Comus International Coto Technology GE Ding Information Inc.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Reed Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Reed Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Reed Sensors Market - Supply Chain
4.5. Global Reed Sensors Market Forecast
4.5.1. Reed Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Reed Sensors Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Reed Sensors Market Absolute $ Opportunity
5. Global Reed Sensors Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Reed Sensors Market Size and Volume Forecast by Types
5.3.1. Cylindrical Panel Mounts Surface Mounts Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Reed Sensors Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Reed Sensors Market Size and Volume Forecast by Applications
6.3.1. Internal Sensors Speedometer Tachometer Cruise Control Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Reed Sensors Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Reed Sensors Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Reed Sensors Demand Share Forecast, 2019-2026
8. North America Reed Sensors Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Reed Sensors Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Reed Sensors Market Size and Volume Forecast by Types
8.4.1. Cylindrical Panel Mounts Surface Mounts Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Reed Sensors Market Size and Volume Forecast by Applications
8.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Reed Sensors Demand Share Forecast, 2019-2026
9. Latin America Reed Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Reed Sensors Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Reed Sensors Market Size and Volume Forecast by Types
9.4.1. Cylindrical Panel Mounts Surface Mounts Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Reed Sensors Market Size and Volume Forecast by Applications
9.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Reed Sensors Demand Share Forecast, 2019-2026
10. Europe Reed Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Reed Sensors Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Reed Sensors Market Size and Volume Forecast by Types
10.4.1. Cylindrical Panel Mounts Surface Mounts Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Reed Sensors Market Size and Volume Forecast by Applications
10.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Reed Sensors Demand Share Forecast, 2019-2026
11. Asia Pacific Reed Sensors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Reed Sensors Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Reed Sensors Market Size and Volume Forecast by Types
11.4.1. Cylindrical Panel Mounts Surface Mounts Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Reed Sensors Market Size and Volume Forecast by Applications
11.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Reed Sensors Demand Share Forecast, 2019-2026
12. Middle East & Africa Reed Sensors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Reed Sensors Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Reed Sensors Market Size and Volume Forecast by Types
12.4.1. Cylindrical Panel Mounts Surface Mounts Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Reed Sensors Market Size and Volume Forecast by Applications
12.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Reed Sensors Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Reed Sensors Market: Market Share Analysis
13.2. Reed Sensors Distributors and Customers
13.3. Reed Sensors Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Littlefuse Inc. Bimba Manufacturing Company Comus International Coto Technology GE Ding Information Inc.
Segments Covered in the Report
The Asia Pacific reed sensors market has been segmented on the basis of
Types
The Asia Pacific reed sensors market has been segmented on the basis of
Types
- Cylindrical Panel Mounts
- Surface Mounts
- Others
- Passenger Cars
- Commercial Vehicle
- Internal Sensors
- Speedometer
- Tachometer
- Cruise Control
- Others
- India
- China
- South Korea
- Japan
- Rest of Asia Pacific
- Littlefuse Inc.
- Bimba Manufacturing Company
- Comus International
- Coto Technology
- GE Ding Information Inc.
Key players competing in the Asia Pacific reed sensors market are Littlefuse Inc.; Bimba Manufacturing Company; Comus International; Coto Technology; and GE Ding Information Inc.
Some of the major players are entering into strategic partnerships with the global leaders to enhance their market presence.
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